When prices reach very long term resistance, is it break out or fade time?
Previous Post: All time high market, where to look for shorts
The Semi conductor index (SOX) is ON the long term resistance line, and a great place to look for long term shorts.
Stocks like: INTC, TSM, AMAT, TXN, BRCM, MU, SNDK
NOW, the SOX chart has arrived at the massive resistance, and other market indexes are poised for new highs or failure at all time high resistance, folks time time select your short stocks, if required. Wyckoff folks know to watch for a lower high before trade execution.
Investing Quote
"It is impossible here to give an adequate idea of the Law of Vibration as I apply it to the markets. However, the lay man may be able to grasp some of the principles when I state that the Law of Vibration is the fundamental law upon which wireless telegraphy, wireless telephones and phonographs are based." ~ William D Gann
"Money couldn't buy friends, but you got a better class of enemy." ~ Spike Milligan
